NEW YORK (TheStreet) -- Pep Boys - Manny, Moe & Jack (PBY) stock is climbing in post-market trading after the company said it expects a better second half to the year. After the bell, shares added 3% to $10.84.
"Through the first five weeks of the second quarter, we have seen our service business improve to a positive comp despite the continued pressure in tire pricing. Our service business footprint also continues its growth with 25 new Service & Tire Centers planned for 2014," CEO Mike Odell said in a statement.
The expected improvement is despite a challenging first quarter. The company earned 3 cents a share over the three months to April, 3 cents short of what analysts surveyed by Thomson Reuters expected. Comparable sales decreased 1.4%.
- You can view the full analysis from the report here: PBY Ratings Report
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